Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Euro/Ugandan Shilling (FOREX:EURUGX)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURUGX
The long term trend has been UP since May 13th, 2019 at 4237.3
The intermediate term trend has been UP since May 13th, 2019 at 4231.1
The short term trend has been DOWN since May 16th, 2019 at 4229.2
Smart Scan Analysis for EURUGX
Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).